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— Bell Hooks"Justice demands integrity. It’s to have a moral universe — not only know what is right or wrong but to put things in perspective, weigh things. Justice is different from violence and retribution; it requires complex accounting."
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In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
— Warren Buffett
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To say accounting for derivatives is Americais a sewer is an insult to sewage.
— Charlie Munger
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